GoldON Resources Ltd. provided an overview of the fertile peraluminous granite plutons and lithium pegmatite potential at its 100%-owned McInnes Lake property that is located approximately 50 kilometres (km) southwest of Frontier Lithium's Pakeagama Lake area lithium deposits and covers the majority of the McInnes Lake greenstone belt in northwestern Ontario. Highlights: Fertile lithochemical signature recognized in McInnes North pegmatitic granite pluton from GoldON's latest fieldwork on the 11,424-hectare Property; Anomalous bulk rock lithium (Li), beryllium (Be), rubidium (Rb), cesium (Cs), tantalum (Ta), and niobium (Nb) in McInnes Lake pluton compare with fertile, peraluminous granite plutons elsewhere in Ontario such as the Allison Lake batholith and the MNW stock in Georgia Lake region; Analytical results from the latest fieldwork included a database of 480 bulk rock samples with 67 exceeding 50 parts per million (ppm) lithium; Elevated lithium values newly discovered ranging from 50 to 1,126 ppm in metavolcanic host-rocks distributed proximal to the main plutons in the McInnes Lake greenstone belt may reflect exomorphic dispersion outwards from exposed and blind pegmatitic granite plutonic centres; Peraluminous granitic magma generation and emplacement are possibly controlled by the inferred northern continuation of a 100 -750 metres (m) wide, deep seismic tapping, E1/E2 extensional shear zones and associated second order shears, which also underlie the Red Lake Mine Complex and greenstone slivers to the north (Red Lake Extension) Major fault zone control of peraluminous granite plutons and derivative lithium-rich pegmatites is evident elsewhere in northwestern Ontario, including 50 km to northeast of the McInnes North pluton, along the Bearhead fault system at Pakeagama Lake, where Frontier Lithium14 has delineated NI 43-101 Measured & Indicated (M&I) resources of 26 million tonnes (mt) of 1.62% Li2O and Inferred resources of 32.4 mt of 1.41% Li2O. Recognition of fertile peraluminous granites is obviously one important aspect of exploration for potential derivative rare-element pegmatite deposits of the lithium-cesium-tantalum (LCT) petrogenetic family1.

These plutons are widespread in the Superior Province of northern Ontario and especially in high to granulite metamorphic grade, migmatized, clastic-metasedimentary-dominant belts, such as the English River and Quetico terranes, where 5,000 sq. km of peraluminous granite was delineated in the former by regional mapping programs of the Ontario Geological Survey. This news release documents a fertile granite, the McInnes North pluton (MNP), situated in the McInnes Lake greenstone belt (MLGB) of the North Caribou Lake terrane of northwestern Ontario, based upon the compilation of existing published lithochemistry data (480 bulk rock samples) and petrographic attributes stemming from an extensive review of the literature.